Residential Development Land with
For Sale
$559,900
571 29 Road, Grand Junction, CO 81504
LAND - Ranch - Grand Junction, CO
Property Size1,885 SF
Lot Size2.21 Acres
Price / SF$297.03
Days on Market199
Property Features for 571 29 Road
General Information
Property type
Land
Property subtype
Duplex
Zoning description
RSF-4
Parking features
Garage
Fencing
Privacy
Elementary school
Orchard Avenue
Middle school
Bookcliff
High school
Central
Directions
Patterson Rd - South on 29 Rd - Home on right thru gate - located 2 properties after Graff Dairy.
Subdivision
Grand Junction City
Standard status
Active
APN
2943-071-00 -012
Size
1,885 SF
Lot size
2.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3402
Utilities
Water source
Public
Building Details
Year built
1908
Floors in Building
1
Architectural style
Ranch
Additional Structures
Garage(s)
Listing Agency:
KELLER WILLIAMS COLORADO WEST REALTY · Keller Williams Realty
(970) 256-9100
Listed By:
Yadira Manila
(970) 778-1589
Added: Jan 18
Changed: Aug 5
Last Checked: Aug 5 at 4:06PM
MLS# 20261298
Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale property consists of an approximate 2.21-acre parcel with an existing livable ranch residence that includes an in-law suite for interim use or rental income. The improvements also include a detached two-car garage with shop/office and two equipment sheds added in 2016, totaling 3,136 square feet combined, which can support storage and hobby space.
The property is located on 29 Road in Grand Junction, Mesa County. Public remarks indicate the site is positioned for infill-style development, with a future land use designation of Medium-Density Residential, subject to annexation into the City and City Planning approvals. The buyer is advised to verify annexation, zoning, density, and development feasibility with City Planning.
Seller financing is available with a minimum of 50% down payment for qualified buyers. Any future development plans should be confirmed through the applicable City Planning and annexation processes.
The property is located on 29 Road in Grand Junction, Mesa County. Public remarks indicate the site is positioned for infill-style development, with a future land use designation of Medium-Density Residential, subject to annexation into the City and City Planning approvals. The buyer is advised to verify annexation, zoning, density, and development feasibility with City Planning.
Seller financing is available with a minimum of 50% down payment for qualified buyers. Any future development plans should be confirmed through the applicable City Planning and annexation processes.
Key Highlights
- Approx. 2‑acre parcel on 29 Road with strong land value and future redevelopment potential (verify with City Planning).
- Existing residence is livable and includes an in‑law suite for interim use or rental income.
- Detached 2‑car garage with shop/office, plus two equipment sheds added in 2016 totaling 3,136 SF combined.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.9k | $18.00 |
| − Vacancy | −$2.6k | −$1.40 |
| EGI | $31.3k | $16.61 |
| − OpEx | −$14.1k | −$7.47 |
| NOI | $17.2k | $9.13 |
1,885 SF · lease $18.00/SF/yr · vacancy 7.75% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,215 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.58M
$3.13M – $4.17M
NOI $250,403 @ 7.0% cap · market cap 44.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 81504, CO
31,150
Population
13,042
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
1,158
Density / Sq Mi
$67,907
Median Household Income
$40,402
Median Earnings
$1,414
Median Rent
$290,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A 2+ acre parcel with a livable ranch home, in-law suite, and detached garage with shop/office plus equipment sheds.
Where is this residential land & home lot located?
The property is located at 571 29 Road Grand Junction, CO.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Approx. 2‑acre parcel on 29 Road with strong land value and future redevelopment potential (verify with City Planning).; Existing residence is livable and includes an in‑law suite for interim use or rental income.; Detached 2‑car garage with shop/office, plus two equipment sheds added in 2016 totaling 3,136 SF combined.
